NEW YORK — U.S. stocks edged back from their record heights on Monday in Wall Street’s final moves before an upcoming update on inflation.

The S&P 500 dipped 0.3 percent after flirting with its all-time high, which was set two weeks ago, earlier in the day. The Dow Jones Industrial Average dropped 200 points, or 0.5 percent, while the Nasdaq composite shaved 0.3 percent off its own record.

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The highlight of this week for Wall Street will likely arrive on Tuesday, when the government will report how bad inflation was across the country in July. Economists expect it to show U.S. consumers had to pay prices for groceries, gasoline and other costs of living that were 2.8 percent higher from a year earlier, a slight acceleration from June’s 2.7 percent inflation.

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